Marcus by Goldman Sachs Personal Loan Review

Loan Amount:

$3,500 - $40,000

Minimum Credit Score:

640

APRs From:

6.99% - 19.99%

Funding Speed:

1-5 days

Goldman Sachs' Online Lending Platform, Marcus offers personal loans to consumers on the higher end of the credit spectrum. Marcus is available to all consumers, not just Goldman Sachs members. Marcus is 100% fee free.

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Marcus Personal Loan Overview

Marcus an online-only personal loan provider of banking giant Goldman Sachs. Marcus features unsecured personal loans with competitive rates that are 100% fee-free.

Marcus loans are available to good and excellent credit consumers. Their unsecured personal loans feature flexible loan terms, highly competitive rates, a digital app to manage your loan, and the option to see your preapproved rates with a soft credit check. Marcus also reports loan payments to all three credit bureaus, which can help increase your credit score.

Marcus' highly-rated mobile is available on both the IOS and Android app store. With the app, you can view your remaining principal balance, manage your payments, and enroll in autopay.

Pros

No fees.
Competitive rates.
Flexible repayment term options.
Rate discount for autopay.
Ability to directly pay creditors for debt consolidation loans.

Cons

No option for join, co-signed, or secured loans.
Longer funding times when compared to other lenders.

Get Pre-Qualified for a Personal Loan Today

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Requirements to qualify for a Marcus Personal Loan

Minimum credit score: 680.
Must be 18 or over, 19 in Alabama and 21 in Mississippi and Puerto Rico.
Must have a valid U.S. bank account and Social Security or Individual Tax ID number.
May need to provide proof of income, including recent pay stubs or bank statements.